The 70-year-old retailer is headed toward shuttering its U.S. operations, jeopardizing the jobs of some 30,000 employees while spelling the end for a chain known to generations of children and parents for its sprawling stores and Geoffrey the giraffe mascot
Dealers will consider offering loaner cars to owners until the problem can be repaired, he said. "We certainly would do everything we can to help our customers," Trainor said.
The company formerly known as Clear Channel Communications said Thursday that it will operate its businesses as usual while it restructures its finances under Chapter 11 protection to reduce debt by more than $10 billion.
The Labor Department says the number of job opening soared 645,000 in January, the largest one-month increase in 2½ years. The number of people hired ticked up and fewer Americans quit in January compared with the previous month.